A Decade in Review: Funding to the
Female Founders

In this study we review the trends in funding to female founders over the past decade.


Invested Dollars in Female-Founded Companies

How much money has been invested in female-founded companies.


Average Seed Round for Female-Founders

How seed round sizes differ for female-only founded companies rather than female/male co-founded companies.


21 Female-Founded Unicorns to Watch

21 new unicorns in 2019 have a female founder, the highest count to date up from 15 in 2018.

Invested Dollars In Female
Founded Companies

In 2019, $26.6 billion was invested in companies with at least one female co-founder. There was just under $6 billion in female-founded only, and $20.9 billion in female/male co-founded companies.


This speaks to more than eightfold growth since 2010.

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Deal Count By Stage: 2015 versus 2019

We often get questions about how female founders are faring at each funding stage. The overall numbers can mask what is happening as startups progress from seed to Series A and onwards.


We compare 2015 through 2019 to measure progress over the last five years.

Median and Average Seed
Funding Round

The median seed for female-only founders was $200,000 in 2010 and reached $460,000 in 2019.


The median seed for male founders has risen from $300,000 in 2010 to $600,000 in 2019.

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Insights on the state of female-founded companies

Get key insight on:

  • Proportion of global startups with a female founder
  • Invested dollars in female-founded companies
  • Median and average Series A for female-founded companies

Download The Full Report